One of the favorite "arguments" (if that word doesn't connote too much thoughtfulness to be applied to such statements) of tea party enthusiasts is that the government, just like Americans, needs to live "within its means."
Since when do Americans live within their means?
The last time I checked, which was about 5 minutes ago, the average amount of personal debt held by Americans, which includes mortgages, car loans, student loans and credit card debt, was almost $52,000. By contrast, Americans' average annual savings is only about $7,000 per family. In other words, Americans live on credit, and have been for some time, just like the Federal government, only more so.
So, the idea that Americans balance their budget and live within their means is, like everything else these tea party enthusiasts make up, well, made up. What a surprise.
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